Indonesia bonds steady as Moody's mulls rating rise

The international credit rating agency has placed Indonesia's Ba2 rating on outlook for upgrade. The move did not surprise traders, who think the sovereign will eventually achieve investment grade status, but it could encourage more investors into its bonds.

01 Dec 2010

Credit rating agency Moody’s placed Indonesia’s sovereign credit rating on review for a possible upgrade today (December 1), a move that did not surprise investors but is likely to attract more investors into Indonesian debt, lifting prices and lowering yields.